Micro, Small, and Medium Enterprises, also known as the pillars of the Indian economy
MSMEs are a major contributor to the Indian economy, accounting for around 30% of GDP and providing employment to over 110 million people (Ministry of MSME, Annual Report (20–21)
Digitization is becoming increasingly part of our daily lives, and will be even more vital in the near future. Currently, many processes in microenterprises are manual, inefficient and not scalable. Hence, the requirement for technology to transform and spur growth in the MSME segmentWith 560 million internet users, a smartphone penetration rate of 50%, and 41 million digital financial transactions every day in 2020 alone, India is rapidly digitizing. Currently, the market size of India’s consumer digital economy amounts to $85–90 billion and it is expected to grow ten times in the next decade reaching $800 billion by 2030.
Digital solutions can help our MSMEs to reach a wider consumer base, showcase their products, and boost their sales.
Get going.. we have lot of enablers for MSME’s to accelerate business